Here are links to three articles about the announcement:
The News, The N&O, and The Herald.

The Chapel Hill News article contains an outrageous misquote, but other than that it is okay. The N&O’s article is the same, but pared down. The Herald-Sun gave the issues the most extensive treatment so I’ll quote the relevant parts:

With Mike Nelson stepping down, I am officially running for Mayor of Carrboro this fall. I held a short press conference this morning at Carrboro Town Hall about this and I am sure the papers will report the details tomorrow, but here is a short synopsis of what I said this morning . . .